Singapore legislation
Clause 9
of Variable Capital Companies (Miscellaneous Amendments) Bill
Clause 9
Amendment of section 2
Section 2 of the Income Tax Act (Cap. 134) is amended —
(a)
by inserting, immediately after the definition of “treasury share” in subsection (1), the following definition:“ “VCC Act” means the Variable Capital Companies Act 2018 (Act 44 of 2018);”; and
(b)
by inserting, immediately after subsection (1), the following subsection:“(1A) The terms “non-umbrella VCC”, “share”, in relation to a VCC, “sub‑fund”, “umbrella VCC”, and “VCC” have the meanings given to them in the VCC Act.”.